volatility budget
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Aug 21, 2023 by Stan Miranda · across every show →
Everything said about volatility budget, oldest first
Aug 21, 2023 negative
Fixed volatility budgets force endowment managers to sell low and buy high
“A lot of people out there in our business think about the average endowment portfolio should have 10% standard deviation around its annual returns, 10% volatility budget, which makes no sense, because what happens when markets go down, volatility goes up, all …”